The RBI, in a draft circular, proposed all deposit-taking HFCs raise their total liquid assets, along with unencumbered approved securities, to 15% of public deposits, from 13% currently, by the end of March 2025. HFCs will do this in a phased manner, wherein the minimum percentage will be increased to 14% of deposits by September 2024, and 15% by March 2025. It has invited comments from stakeholders by February 29.
"Since the regulatory concerns associated with deposit acceptance is same across all categories of NBFCs, it has been decided to move HFCs towards the regulatory regime on deposit acceptance as applicable to deposit-taking NBFCs and specify uniform prudential parameters," the RBI said.
The revised regulations are effective immediately, unless specified otherwise, the central bank said.
Bu hikaye Financial Express Mumbai dergisinin January 16, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin January 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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